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Side-by-side financial comparison of NCR Atleos Corp (NATL) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $625.1M, roughly 1.8× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 7.2%, a 6.2% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 4.0%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $140.3M). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 4.6%).
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
NATL vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $625.1M |
| Net Profit | $83.0M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 13.5% | 18.2% |
| Net Margin | 7.2% | 13.4% |
| Revenue YoY | 4.0% | 15.7% |
| Net Profit YoY | 102.4% | 24.0% |
| EPS (diluted) | $1.09 | $2.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.2B | $625.1M | ||
| Q3 25 | $1.1B | $611.7M | ||
| Q2 25 | $1.1B | $643.7M | ||
| Q1 25 | $979.0M | $558.0M | ||
| Q4 24 | $1.1B | $540.4M | ||
| Q3 24 | $1.1B | $543.6M | ||
| Q2 24 | $1.1B | $597.3M | ||
| Q1 24 | $1.0B | $570.9M |
| Q4 25 | $83.0M | $83.7M | ||
| Q3 25 | $26.0M | $82.2M | ||
| Q2 25 | $39.0M | $100.9M | ||
| Q1 25 | $14.0M | $74.0M | ||
| Q4 24 | $41.0M | $67.5M | ||
| Q3 24 | $21.0M | $69.1M | ||
| Q2 24 | $27.0M | $82.0M | ||
| Q1 24 | $-9.0M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 13.5% | 18.2% | ||
| Q3 25 | 9.8% | 18.2% | ||
| Q2 25 | 10.8% | 21.0% | ||
| Q1 25 | 9.5% | 15.7% | ||
| Q4 24 | 13.4% | 16.5% | ||
| Q3 24 | 10.6% | 17.1% | ||
| Q2 24 | 9.8% | 18.7% | ||
| Q1 24 | 6.5% | 16.9% |
| Q4 25 | 7.2% | 13.4% | ||
| Q3 25 | 2.3% | 13.4% | ||
| Q2 25 | 3.5% | 15.7% | ||
| Q1 25 | 1.4% | 13.3% | ||
| Q4 24 | 3.7% | 12.5% | ||
| Q3 24 | 2.0% | 12.7% | ||
| Q2 24 | 2.5% | 13.7% | ||
| Q1 24 | -0.9% | 12.7% |
| Q4 25 | $1.09 | $2.50 | ||
| Q3 25 | $0.34 | $2.45 | ||
| Q2 25 | $0.52 | $3.01 | ||
| Q1 25 | $0.19 | $2.21 | ||
| Q4 24 | $0.56 | $2.02 | ||
| Q3 24 | $0.28 | $2.06 | ||
| Q2 24 | $0.37 | $2.44 | ||
| Q1 24 | $-0.13 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $456.0M | $405.5M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $2.0B |
| Total Assets | $5.7B | $2.9B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $405.5M | ||
| Q3 25 | $412.0M | $457.7M | ||
| Q2 25 | $357.0M | $369.3M | ||
| Q1 25 | $352.0M | $336.8M | ||
| Q4 24 | $419.0M | $386.9M | ||
| Q3 24 | $395.0M | $303.9M | ||
| Q2 24 | $374.0M | $279.4M | ||
| Q1 24 | $343.0M | $237.1M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $403.0M | $2.0B | ||
| Q3 25 | $330.0M | $2.0B | ||
| Q2 25 | $350.0M | $1.9B | ||
| Q1 25 | $275.0M | $1.8B | ||
| Q4 24 | $219.0M | $1.7B | ||
| Q3 24 | $264.0M | $1.7B | ||
| Q2 24 | $250.0M | $1.6B | ||
| Q1 24 | $283.0M | $1.6B |
| Q4 25 | $5.7B | $2.9B | ||
| Q3 25 | $5.7B | $2.7B | ||
| Q2 25 | $5.8B | $2.6B | ||
| Q1 25 | $5.7B | $2.5B | ||
| Q4 24 | $5.5B | $2.4B | ||
| Q3 24 | $5.7B | $2.4B | ||
| Q2 24 | $5.8B | $2.4B | ||
| Q1 24 | $5.8B | $2.3B |
| Q4 25 | 6.63× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $231.0M | $154.7M |
| Free Cash FlowOCF − Capex | $194.0M | $140.3M |
| FCF MarginFCF / Revenue | 16.8% | 22.4% |
| Capex IntensityCapex / Revenue | 3.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $154.7M | ||
| Q3 25 | $25.0M | $122.4M | ||
| Q2 25 | $-23.0M | $69.7M | ||
| Q1 25 | $123.0M | $55.2M | ||
| Q4 24 | $80.0M | $139.5M | ||
| Q3 24 | $107.0M | $90.7M | ||
| Q2 24 | $9.0M | $85.3M | ||
| Q1 24 | $148.0M | $45.6M |
| Q4 25 | $194.0M | $140.3M | ||
| Q3 25 | $-5.0M | $110.9M | ||
| Q2 25 | $-44.0M | $59.5M | ||
| Q1 25 | $94.0M | $45.6M | ||
| Q4 24 | $62.0M | $127.5M | ||
| Q3 24 | $85.0M | $84.3M | ||
| Q2 24 | $-14.0M | $78.5M | ||
| Q1 24 | $124.0M | $35.5M |
| Q4 25 | 16.8% | 22.4% | ||
| Q3 25 | -0.4% | 18.1% | ||
| Q2 25 | -4.0% | 9.2% | ||
| Q1 25 | 9.6% | 8.2% | ||
| Q4 24 | 5.6% | 23.6% | ||
| Q3 24 | 7.9% | 15.5% | ||
| Q2 24 | -1.3% | 13.1% | ||
| Q1 24 | 11.9% | 6.2% |
| Q4 25 | 3.2% | 2.3% | ||
| Q3 25 | 2.7% | 1.9% | ||
| Q2 25 | 1.9% | 1.6% | ||
| Q1 25 | 3.0% | 1.7% | ||
| Q4 24 | 1.6% | 2.2% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.1% | 1.1% | ||
| Q1 24 | 2.3% | 1.8% |
| Q4 25 | 2.78× | 1.85× | ||
| Q3 25 | 0.96× | 1.49× | ||
| Q2 25 | -0.59× | 0.69× | ||
| Q1 25 | 8.79× | 0.75× | ||
| Q4 24 | 1.95× | 2.07× | ||
| Q3 24 | 5.10× | 1.31× | ||
| Q2 24 | 0.33× | 1.04× | ||
| Q1 24 | — | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
WTS
Segment breakdown not available.
